Friday, May 25, 2012

Interactive Meeting on “Business Opportunities in South Africa”

IBG India in association with Zurcom International (Pty) Ltd, South Africa, Council of Great Lake Governors in South Africa & FAPCCI organized an Interactive Meeting with Mr. Richard Zurba, Director, Zurcom International (Pty) Ltd., Managing Director, Council of Great Lake Governors in South Africa., Senior Partner and Coordinator for IBG on “Business Opportunities in South Africa” on 24th May 2012 at Federation House, Red Hills, Hyderabad.

Mr. V.S. Raju, President, FAPCCI, Ms. Sushama Kanetkar, India Coordinator, IBG India, Mr. Shyam Sundar Pasari, Chirman, International Trade Relations Committee, FAPCCI and Mr. M.V. Rajeshwara Rao, Secretary General, FAPCCI have the other speakers at the occasion.

Mr. Richard Zurba said that the South Africa set new investment records last year, with its private equity funds growing to R103 billion, or 3.2 percent of its gross domestic product (GDP), compared to the global average of 2.7 percent.

Private investors are taking a chance on South African start-ups, especially in Internet related industries. However, investors are finding great opportunities to fund a wide range of start-ups, such as businesses specializing in healthcare, crafts and communications technology. There has also been a movement to invest in “green” businesses, like renewable energy and sustainable technologies.

The Tourism Enterprise Partnership was established in 2008 to facilitate the World Cup and the growth and development of the small, medium and micro enterprises (SMMEs) in the tourism sector, such as boutique hotels, restaurants, crafters and entertainment facilities.

South Africa also has a growing film industry. With its beautiful landscapes and low production costs - 40 percent less than in Europe and the US; 20 percent less than in Australia.

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